Bookkeeping

Bookkeeping guide for beginners for the small business owner, or students, or bookkeepers. How bookkeeping works, double entry bookkeeping, single entry…
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the top five types of bookkeepering accounts that help you create essential business reports
Five main types of bookkeeping accounts
The five main types of bookkeeping accounts that help you create essential business reports. They also help keep your financial transactions (receiving income or spending money) in a well organized system. Knowing about them will give you confidence in conversations with your financial advisors and help you manage your financials with clarity.
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The Importance of a Bookkeeping System
9 key reasons for the importance of a bookkeeping system to encourage you to stay on top of your bookkeeping knowing that there are benefits and good outcomes to be gained. Some reasons include: Helping you to gear up for tax season, enhancing your decision making, supporting your business growth, staying profitable and more.
a notebook with the title is book keeping hard to do? tips for start ups and career - seekings
Is Bookkeeping Hard to Do?
As with any new skill, bookkeeping may seem hard at first but it depends on your existing skills and strengths and how much time you have to learn it. An introduction of the basics will soon help you decide just how hard, or easy!, it is for you to get into it. Whether you are a small biz owner doing your own books at the start for budget reasons, or somebody who wants to do it as a career, these pointers will help you along your way.
Bookkeeping Spreadsheet - A simple Excel workbook to record income and expenses. Small Business Bookkeeping, Bookkeeping And Accounting, Accounting Basics
Simple Bookkeeping Spreadsheet in Excel
If you're self-employed and need an easy way to record the income and expenses for your little business without worrying about too many details or having to track bank balances then this bookkeeping spreadsheet might suit you.
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Business Budget
Why a business budget is helpful and worthwhile doing. Find out what should be in a budget, some common phrases, estimating costs and how and where to prepare one. It's simpler than you think.
Building Business Budget Business Basics, Small Business Owner, Small Business, Business Owner
Building a Business Budget
Building business budget tips for the first time for 1 month and annually. How to select and lay-out names, allocate amounts and account for seasonal changes...
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Loan Journal Entry
Here are 15 loan journal entries in bookkeeping for PPP loan forgiveness, bank loans, car loans, intercompany loans and interest. When you use bookkeeping software you don't see the automatic journal entries that happen in the "background" when reconciling your bank accounts. Entering a manual journal is handy for adjusting your books without affecting the bank accounts, like when you need to move a transaction from one account category to another like with the loan forgiveness. #bookkeeping
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Accounts Receivable Ledger in Excel
Use this Excel template to track your unpaid sales invoices and see at a glance how much your customers owe you. #exceltemplate #bookkeeping #ledger
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Journal Entries
How to use journal entries in your bookkeeping software to help you enter transactions; most helpful for when you use personal money to pay for business expenses and need to know how to enter them in to your software. Your accountant will love you. #accountingjournals #bookkeeping
a coffee cup with the words, day to day bookkeeping for new small businesses how to get started and what comes after that
Day to Day Bookkeeping
How to setup and get started with day to day bookkeeping for new small businesses or self-employed solopreneurs.
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What Is A Chart of Accounts?
A chart of accounts is the place where accounts are created and maintained in a bookkeeping system. This list helps a business to classify all its financial transactions into specific account categories. Some accounts can be used as headings and some as sub-accounts to help a business owner get their accounts super organized. See a standard chart and how to find it in bookkeeping software. #bookkeeping #startups #accountcategories
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General Ledger Accounts in Bookkeeping
General ledger accounts are the place where all the financial transactions of a business are contained - so all your income and expenses. Each payment is allocated to an account. Bookkeepers shorten it to GL when speaking of it. A GL summary will show every account name with its balance; bookkeeping software will also show if the balance is a debit or credit (that's a whole other story!). Important business reports, like an Income Statement, get the information from the GL accounts. #bookkeeping
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Easy Bookkeeping
Easy bookkeeping for recording your business income and expenses using a single entry bookkeeping cash book - it's free and easy to set up. #bookkeeping #bookkeepingforsmallbusiness #bookkeepingforbeginners
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Calculate Markup
How to calculate markup prices on the products you buy, make and sell and to set your selling prices to cover your business costs and make a profit.
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How to Calculate Profit
An accounting profit is calculated by taking expenses away from income. A loss occurs when expenses exceed income. There’s a difference between gross profit and net profit. #bookkeeping #bookkeepingforsmallbusiness
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Bookkeeping Example
Step by step bookkeeping example of business transactions entered into journals, ledgers, reports and cashbook for both hand-written bookkeeping and computerized bookkeeping. #bookkeeping #bookkeepingforbeginners
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Free Excel Petty Cash Template to Log Cash Sales and Expenses
Get the free Petty Cash template and guide to set up and maintain your cash box and how to work the float so you can track your cash sales and expenses.
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Bookkeeping Tests & Quizzes
Free bookkeeping tests and quizzes: read the topics and test your knowledge on double-entry bookkeeping including journals, ledgers, debits & credits and more. #bookkeeping #bookkeepingforbeginners
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Free Accounts Payable Ledger in Excel
This accounts payable ledger is a free excel spreadsheet for recording your business purchases on account and for tracking what you owe to your suppliers. #bookkeeping #accountspayable #howtokeeptrackofbills
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Bookkeeping Basics for Small Business Owners
How to track your business income and expenses the right way, including the steps for keeping your paperwork, handling your banking, what software is available, what reports to make and more.
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The Best 5 Tips for Online Store Accounting
Set-up your online store accounting with the right payment gateway, accounting software, tax settings and more. #bookkeeping #ecommerceaccounting #onlinestoreaccounting
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An Income Statement is a Summary of Income and Expenses
An Income Statement is the number one report for any business. It also goes by the name of Profit and Loss Report. It shows the results of income minus expenses and is used as the basis for calculating income tax. #profitandloss #bookkeeping #incomestatement
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Outsource Your Bookkeeping To Online Professionals
Feeling bogged down with your small business bookkeeping? Outsource it to people who love bookkeeping. You can access an all-in-one tax accounting service which comes with online software that you can access, an online bookkeeper to do your accounts and with whom you can keep in touch (a real person) and online supporting Accountants - they simplify the tax filing process. They also have business resources to help you through the impact from Covid-19. #bookkeepingservice #bookkeeper #bookkeeping
the cover of book keeping questions and answers from real business owners, with pink background
Real Bookkeeping Questions and Answers
Bookkeeping questions, and answers, from real small business owners and business bookkeepers which include how to record different types of transactions and expenses. #bookkeeping #bookkeepingquestions
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Free Bookkeeping Software
Bookkeeping software free to use: here are 4 of the best genuinely free, fully functioning programs to help you track your business income and expenses.
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Easy Invoicing Software
Review of top business invoicing software FreshBooks; makes billing clients easy without having to learn complicated accounting stuff. You can also track your business expenses and view reports. #invoicingsoftware #bookkeepingsoftware
the text 8 invoicing apps for fast, easy invoicing and payment
8 invoicing apps that help you streamline your invoicing process
Invoicing Apps: As a small business owner, you make every effort to provide your clients with exceptional customer service. That's why it is important for your business to use software that streamlines the invoicing process. #invoicingapps #bookkeeping
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Insurance Journal Entry for Different Types of Insurance
There are different types of insurance available to small businesses and owners. Find out what they are and how to enter them into the bookkeeping records. Not every insurance payment is a deductible business expense. Find out also how to handle the proceeds on a claim.. should it be income? #bookkeeping #bookkeepingjournal #businessexpense
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7 Home Office Expense Costs that Reduce Your Taxes
When you are self-employed and working full-time from an office in your home you may be able to claim a portion of some of your household costs as business expenses so that you pay less tax.Find out the 7 most common household costs that can be included and how to calculate the portion that you can claim. #homeofficeexpense #taxes #businessexpenses
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Commission Income Defined and How to Account for Commissions Earned
How to enter your affiliate earnings or other commissions to your bookkeeping records, plus read real-life commission questions and answers of some trickier situations.
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Organize Your Accounts Payable | Bills
14 steps to manage bills and payments for small business owners - #accountspayablesprocedures #billsorganization
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Bookkeeping Tips from a CPA
7 tips from a CPA to help small biz owners stay on top of their finances.
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Reduce Your Taxes With These Business Expenses
These expenses can be claimed in your small business bookkeeping to help reduce your tax payments.
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Confused About Credit Card Balances?
Learn to understand the different balances on a credit card statement so that you pay the correct one.
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What a Trial Balance Is Good For
Find out what a trial balance is, why it's used in business bookkeeping and how to make one. See an example and get a free Excel template.
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Best Bookkeeping Software Comparisons
An in-depth comparison between QuickBooks, Xero and Sage to help you decide on the best bookkeeping software for your small business.
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Bookkeeping Business Names: How to Choose Yours
How to choose a name for your bookkeeping business: what's in a name?, who are you targeting?, should you use your own name?... and more. #bookkeepingbusiness #businessnameideas
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Excel Template to Track Customer Sales
A free Excel template for tracking customer sales when you don't use software that does it. #bookkeeping #salestemplate
the best types of bank accounts for a small business - bookeeping com
Best Types of bank accounts for small business
Which type of bank account is right for you and your business. Here's a look at the different types of bank accounts available for sole proprietors, partnerships and registered companies. #bookkeeping #smallbusiness #bankaccounts
Accounts receivable is an account on the Balance Sheet holding all sales invoices that your customers must still pay (so customers on account). Each customer has their own customer ledger form. At the end of a month transfer totals from all customer ledgers to the accounts receivable form to calculate your overall Accounts Receivable. #bookkeeping #bookkeepingforms #accountsreceivable Commercial, Spreadsheet, Accounting Books
Accounts Receivable Definition and Free Forms
Accounts receivable is an account on the Balance Sheet holding all sales invoices that your customers must still pay (so customers on account). Each customer has their own customer ledger form. At the end of a month transfer totals from all customer ledgers to the accounts receivable form to calculate your overall Accounts Receivable. #bookkeeping #bookkeepingforms #accountsreceivable
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Understanding Cash Flow is a Game Changer for Your Business
Use a cash flow report to see how money flows into and out of your business and to find out things like why your profit may be great but why the bank balance isn't. Forecasting your cash flow can dramatically improve your business management because it helps you "see" what to expect so you can make the right decisions now. #businesscashflow #bookkeeping
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Bookkeeping Articles Supporting Business Growth
Get tips and examples to help you manage your business bookkeeping, managing credit cards and money, free courses available, bookkeeping vs accounting, and more. #bookkeeping #bookkeepingtips #bookkeepingforbeginners
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Cash Flow Form in Excel | Track Business Cash Daily
This cash flow form in Excel will help you track your overall cash available on a daily basis and is perfect for using when money is tight. This can also be used for tracking your personal cash.
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Tips to Manage Money in a New Business
12 tips to help you get better at handling the money for your small business including types of bank accounts, saving for tax, getting paid by customers and more. #bookkeeping #tipstomanagemoney #financialplanning #managemoneybudget
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What Your Ideal Cash Box Should Have
10 ideas for your ideal cash box to make it practical, portable and secure to use at fairs and markets and in your office #cashbox #cashboxideas #bookkeeping
the words 4 customer invoicing best practices keep your money coming in months after month
Use Your Invoicing Power To Protect Your Cash Flow
Use these customer invoicing best practices to avoid running into cash flow trouble and to keep the money coming in month after month. #bookkeeping #invoicing
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Managing Money Tips : Gain Control of Your Life
16 managing money tips for personal finances, get better organized to save money and stay out of debt. #managemoneytips #managemoneyideas
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The Benefits of Cloud {online} Bookkeeping
The benefits of cloud {online} bookkeeping software for an all-in-one business system.
cash book excel for bookeeping on a budget small business template, with the help guide
Cash Book Excel Bookkeeping on a Budget
When you're bookkeeping on a budget you can use this Cash Book Excel template to enter your daily business income and expenses and instantly see your profit result on the Income Statement and it includes a Balance Sheet. Also comes with an eBook Help Guide so you know how to set up your accounts in the template. #bookkeeping #exceltemplate
a pink sign that reads free excel cash flow form for small business track cash daily when money is tight
Cash Flow Form in Excel | Track Business Cash Daily
A free template in Excel for tracking your business cash on a daily basis. Plug in your payments received plus cash on hand already and instantly see what bills you will be able to pay.
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Journal Entries Examples for Bookkeeping Journals
The best way to learn bookkeeping journals is to practice different journal entries which you can do using our journal entry templates in excel directly on this page. #bookkeeping #bookkeepingjournals #accountingjournals
a person typing on a laptop with the title how to start a bookkeepering business 6 tips to get there
6 Steps to Start a Bookkeeping Business
6 basic steps to start a bookkeeping business and work from home. Find out what skills and resources you need to start with, how to find customers and charge them and more. #bookkeeping #bookkeepingbusiness #sidehustle
a laptop with the title 12 tips to manage money for your small business
Tips to Manage Money in a New Business
Tips to manage your business money to improve your cash flow and increase your confidence with your money management skills. #bookkeeping #tipstomanagemoney #smallbusiness #financialplanning
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Managing Money Tips : Gain Control of Your Life
Tips for managing your personal money, set your goals, make a plan and stick with it. #managemoneytips #managemoneyideas
a person typing on a laptop with the title 6 steps to start a bookkeepering business
6 Steps to Start a Bookkeeping Business
6 basic steps to start a bookkeeping business and work from home. Find out what skills and resources you need to start with, how to find customers and charge them and more. #bookkeeping #bookkeepingbusiness #sidehustle
a person typing on a laptop with the text book keeping journal entries examples and practice templates
Journal Entries Examples for Bookkeeping Journals
The best way to learn bookkeeping journals is to practice different journal entries which you can do using our journal entry templates in excel directly on this page. #bookkeeping #bookkeepingjournals #accountingjournals
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Accounts Payable Definition
Accounts payable definition plus how to track your unpaid bills. #bookkeeping #accountspayable
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Accounts Payable Procedures
Accounts payable procedures and tips to help small business owners manage bills and payments. #bookkeeping #accountspayable
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Cash book in Excel for Tracking Income and Expenses
Use this cash book in Excel for your small business bookkeeping on a budget. Track income and expenses and get 2 important reports, the Income Statement and Balance Sheet.
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Bank Reconciliation Statements
Why a small business should reconcile their bank account, how to do it, how often and why it matters; get a free downloadable form and see examples.